Trinidad and Tobago - Inflation

Inflation, consumer prices (annual %)

The value for Inflation, consumer prices (annual %) in Trinidad and Tobago was 5.20 as of 2013. As the graph below shows, over the past 52 years this indicator reached a maximum value of 22.02 in 1974 and a minimum value of 0.86 in 1964.

Definition: Inflation as measured by the consumer price index reflects the annual percentage change in the cost to the average consumer of acquiring a basket of goods and services that may be fixed or changed at specified intervals, such as yearly. The Laspeyres formula is generally used.

Source: International Monetary Fund, International Financial Statistics and data files.

Inflation, GDP deflator (annual %)

The value for Inflation, GDP deflator (annual %) in Trinidad and Tobago was 3.76 as of 2013. As the graph below shows, over the past 52 years this indicator reached a maximum value of 57.51 in 1974 and a minimum value of -27.63 in 2009.

Definition: Inflation as measured by the annual growth rate of the GDP implicit deflator shows the rate of price change in the economy as a whole. The GDP implicit deflator is the ratio of GDP in current local currency to GDP in constant local currency.

Source: World Bank national accounts data, and OECD National Accounts data files.